CoinsValue.net logo CoinsValue.net logo
NewsBTC 2026-04-22 19:00:07

XRP Eyes Breakout, But Failure At $1.53 Could Trigger Sell-Off

XRP is approaching a critical resistance zone as momentum builds toward a potential breakout. However, with price still struggling to clear the $1.53 level, the risk of rejection remains high. A failure at this key barrier could quickly shift sentiment and trigger a move lower, making the next reaction crucial for direction. Wave E Nears Completion As XRP Tests Key Resistance CasiTrades has highlighted that XRP is currently approaching a definitive stage in its market cycle, specifically moving toward the completion of Wave E within a larger consolidation pattern. Technical indicators across multiple subwave degrees are identifying the $1.53 level as the primary resistance hurdle. Related Reading: 4 Signs XRP Is Moving From Bearish to Bullish: Analyst The current forecast anticipates a series of upward moves into the $1.50 to $1.53 price range. This bullish remains technically valid as long as the price stays above the critical support of $1.39. A breach below this support would likely disrupt the current wave count and suggest a shift in momentum. Market observers are also keeping a close eye on Bitcoin’s performance, as its movement could influence XRP’s direction. If Bitcoin rallies into its own resistance zone near $79,000, it would likely provide the necessary tailwind for XRP to challenge the $1.50–$1.53 area. However, there is a risk of a wave failure where XRP falls just short of its target if Bitcoin reaches a local top. The price action shows a major test of resistance that will likely define XRP’s trajectory for the coming weeks. While a breakout would be significant, a rejection at these higher levels could lead to a sharp retracement to the $1.09 and $0.87 range. XRP Struggles To Reclaim $1.50 Resistance In a recent update, analyst Hov highlighted that XRP still hasn’t reclaimed the $1.50 level, a key resistance that continues to cap upside momentum. What makes this more notable is that several major cryptocurrencies have already pushed to new local highs, while XRP continues to lag. Related Reading: XRP Locked In Range, But Here’s What Happening Underneath This relative weakness is beginning to raise concerns, suggesting that buyers have not yet fully stepped in with enough conviction to drive prices higher. From a structural perspective, XRP is currently forming a very clear triangle pattern. While this type of pattern often signals a buildup before a breakout, Hov cautions that overly obvious ones can sometimes lead to false expectations. The key trigger to watch now is a breakout above the ACE trendline. If confirmed, the next upside target sits around the $1.90 region, aligning with a possible wave 3 expansion from the lows. Beyond that, price action will need to be monitored closely to determine whether XRP can sustain a stronger bullish trend or if more consolidation lies ahead. Featured image from VectorStock, chart from Tradingview.com

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения